Things can only get better … can’t they?

Brian Carruthers

In spring 2023, things look a little better in the UK than they did six months earlier at the start of September, even though food inflation remains high and economic growth is not expected to return until 2024.

In spring 2023, things look a little better in the UK than they did six months ago at the start of September. Back then, Liz Truss’s short tenure as PM was soon to be terminated by her “financial event”, while rising energy prices and concerns about a cold winter were stoking a sense of panic, with heat-or-eat stories appearing across parts of the UK media.

But Truss was soon gone, leaving behind a sizeable bill for the nation to pick up. And, a few icy weeks aside, winter wasn’t as bad as feared, while government support for consumers’...

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